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LIVE MARKETS-Down, not out

By Reuters News

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

DOWN, NOT OUT

European equities opened lower, but they aren't falling quite as sharply as futures pricing suggested ahead of the market open. The STOXX 600 .STOXX is down around 0.6%, while the CAC .FCHI, DAX .GDAXI and FTSE .FTSE are all between 0.5% and 0.9% lower.

And while sentiment might be off based on a mix of tech jitters, oil prices climbing again, and US midterms, a few chunky single stock moves lower are also part of Tuesday's story so far.

One of those is German software company Teamviewer TMV.DE, which has tumbled a whopping 24% after it cut its annual sales guidance. Alstom ALSO.PA is meanwhile down almost 10% as various banks have cut their ratings and target prices for the French train maker. No bounceback there after the stock fell over 26% in the previous session after cutting its full-year outlook and launching a debt cutting plan.

On the other end of the spectrum sits Drax DRX.L, with shares up near 9% after the British power company partnered with Brookfield BAM.N and AI infrastructure platform Radiant to develop a data centre at its northern England power station.

Taking a quick look at sectors, tech stocks .SX8P are down just over 2% and among the biggest decliners next to miners .SXPP, which fell 2.5%. Only few sectors are in the green, leading them are healthcare names .SXDP with a 0.4% nudge higher.

(Sophie Kiderlin)

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: DOWNBEAT SENTIMENT ON A BUSY DAY

SO MUCH FOR A QUIET DAY BEFORE THE US MIDTERMS CLICK HERE

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